Analysts expect that City Holding (NASDAQ:CHCO) will post earnings per share of $1.34 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for City’s earnings, with estimates ranging from $1.33 to $1.35. City posted earnings of $1.33 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.8%. The company is expected to announce its next earnings report on Monday, October 28th.
According to Zacks, analysts expect that City will report full year earnings of $5.36 per share for the current fiscal year, with EPS estimates ranging from $5.33 to $5.41. For the next fiscal year, analysts anticipate that the company will post earnings of $5.40 per share, with EPS estimates ranging from $5.34 to $5.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover City.
City (NASDAQ:CHCO) last announced its earnings results on Monday, July 22nd. The bank reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. City had a net margin of 30.14% and a return on equity of 14.52%. The firm had revenue of $58.74 million for the quarter, compared to the consensus estimate of $57.24 million.
CHCO has been the topic of a number of research analyst reports. Hovde Group started coverage on shares of City in a report on Monday, June 3rd. They set a “market perform” rating and a $76.00 price objective on the stock. Zacks Investment Research lowered shares of City from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. BidaskClub lowered shares of City from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Boenning Scattergood reiterated a “neutral” rating on shares of City in a report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. City currently has an average rating of “Hold” and an average price target of $81.50.
Shares of City stock traded up $1.67 on Friday, hitting $76.83. The company had a trading volume of 4,316 shares, compared to its average volume of 59,576. The stock has a 50-day moving average of $74.75 and a 200-day moving average of $76.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. City has a twelve month low of $65.32 and a twelve month high of $83.04. The firm has a market capitalization of $1.22 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.73 and a beta of 0.78.
In other City news, EVP Craig G. Stilwell sold 2,700 shares of City stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $74.92, for a total value of $202,284.00. Following the sale, the executive vice president now directly owns 15,696 shares in the company, valued at approximately $1,175,944.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David L. Bumgarner sold 1,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $76.65, for a total transaction of $76,650.00. Following the sale, the chief financial officer now directly owns 8,936 shares in the company, valued at $684,944.40. The disclosure for this sale can be found here. 3.36% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CHCO. Advisors Preferred LLC bought a new stake in City during the second quarter valued at $26,000. Advisory Services Network LLC bought a new position in shares of City during the 2nd quarter valued at $35,000. Everence Capital Management Inc. purchased a new position in shares of City in the 2nd quarter worth $222,000. BNP Paribas Arbitrage SA boosted its stake in shares of City by 932.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,674 shares of the bank’s stock worth $280,000 after buying an additional 3,318 shares during the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of City by 24.1% in the second quarter. Scotia Capital Inc. now owns 3,819 shares of the bank’s stock worth $291,000 after acquiring an additional 741 shares during the period. Institutional investors own 66.83% of the company’s stock.
City Holding Company operates as a holding company for City National Bank of West Virginia that provides various banking, trust and investment management, and other financial solutions in the United States. The company accepts various deposit products, such as checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts.
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